QYResearch: The global market for Reinforced thermoplastic pipes (RTP) is expected to reach about 7149 Million USD by 2022

A reinforced thermoplastic pipes (RTP) is an article with a nipple, intended for a young child to suck on, but that is not designed to help a baby obtain fluid. A reinforced thermoplastic pipes (RTP) usually has a guard or shield at the base of the nipple that keeps the reinforced thermoplastic pipes (RTP) from being sucked completely into a child's mouth. It also has a handle or ring, usually on the opposite side of the guard or shield from the nipple, which is used to hold or grasp the reinforced thermoplastic pipes (RTP).

At present, in developed countries, the Reinforced Thermoplastic Pipes industry is generally at a more advanced level. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. Global giant manufactures mainly distributed in North America and E.U. The manufacturers in North America have a long history and unshakable status in this field. Manufacturers such as National Oilwell Varco (NKT Flexibles) and Shawcor (Flexpipe Systems) have relative higher level of product’s quality and largest market share in the North America region. As to EU, GE Oil & Gas (Wellstream) has become as a global leader.

The key consumption markets locate at developed countries. The EU has reached a market size of approximately 2729 million USD in 2016 and takes the market share of 46.37%, followed by North America with 38.97%. According to QYResearch, The global market for Reinforced thermoplastic pipes (RTP) is expected to reach about 7149 Million USD by 2022 from 5860 Million USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 3.37% during the analysis period, 2016-2022. The global market for Reinforced thermoplastic pipes (RTP) is expected to reach about 9198 Km by 2022 from 7111 Km in 2016, registering a Compounded Annual Growth Rate (CAGR) of 4.38% during the analysis period, 2016-2022.

China’s Reinforced Thermoplastic Pipes industry are still undeveloped because of the administrative monopoly in oil and gas industry.Currently, China has become a large international consumption country of oil and gas, but the production technology is relatively laggard to produce some low-end product. Although the new production lines are increasing, and the high-end product is still relying on import.

In the coming years, Reinforced Thermoplastic Pipes industry is expected to witness the highest growth rate in the Asia-Pacific region, especially in China.Meanwhile, A considerable amount of the 150,000 to 200,000 km of globally installed transport lines is over 20 years old and in need of replacement, which is an attractive entry point for new entrants.The competition will be more and more intense. Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area. In future there will be more new investment enter into the field.

Although Reinforced Thermoplastic Pipes brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

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